Bite-sized video updates on the New Zealand economy and markets.
The housing market has slowed substantially, and it looks like more than just pre-election jitters. However, calls to remove the LVR mortgage restrictions are premature.
The RBNZ held the line in its MPS, acknowledging recent data but not making any significant change to its forecasts. We think there was more scope to factor in the weak housing market and slow GDP growth.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
I have returned from my sabbatical to find rural New Zealand in much better shape than it was a year ago.
Global interest rates have been rising as markets fear a co-ordinated move by central banks. We think this is overplayed. Economics conditions, and hence the need for interest rate hikes, vary a lot across countries.
All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this information current t time of writing and intends by this statement to exclude liability, to the extent permitted by law, for any such opinion, statement and analysis. The content of this material is a guide only. It does not take into account your personal financial situation and goals. You should obtain independent professional advice.